Hedley Hydraulics (Holdings) Limited - Period Ending 2022-01-31
Hedley Hydraulics (Holdings) Limited - Period Ending 2022-01-31
Registration number:
Hedley Hydraulics (Holdings) Limited
for the Year Ended 31 January 2022
Hedley Hydraulics (Holdings) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Hedley Hydraulics (Holdings) Limited
Company Information
Directors |
Mr SM Davies Mr J M Booker Mr J D Massey |
Company secretary |
Mr J D Massey |
Registered office |
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Accountants |
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Hedley Hydraulics (Holdings) Limited
(Registration number: 03705776)
Balance Sheet as at 31 January 2022
Note |
2022 |
2021 |
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Fixed assets |
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Other financial assets |
250,001 |
250,001 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Other reserves |
249,000 |
249,000 |
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Profit and loss account |
2,308 |
2,308 |
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Shareholders' funds |
252,308 |
252,308 |
For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Hedley Hydraulics (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Lion House
Crigglestone Industrial Estate
Wakefield
West Yorkshire
WF4 3HT
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is £ sterling.
Investments
Fixed asset investments are stated at historical cost less provision for any dimution in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Hedley Hydraulics (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Hedley Hydraulics (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 February 2021 |
250,001 |
250,001 |
At 31 January 2022 |
250,001 |
250,001 |
Impairment |
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Carrying amount |
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At 31 January 2022 |
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250,001 |
Debtors |
Note |
2022 |
2021 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Hedley Hydraulics (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022
Related party transactions |
Summary of transactions with all subsidiaries
During the year the company made payments of £nil (2021: £nil) to Hedley Hydraulics Limited. At the balance sheet date the amount due from Hedley Hydraulics Limited was £2,308 (2021: £2,308).
Summary of transactions with other related parties
At the balance sheet date the amount due to Hedley Connectors Limited was £1 (2021: £1).
Control
The company is controlled by the directors by way of their ownership of 100% of the issued called up share capital of the ultimate parent undertaking.
Ultimate Parent Undertaking
Hedley DMB Limited is regarded by the directors as being the company's ultimate parent undertaking.